UPDATE 2-Air France-KLM '07 up but fuel warning hits shares

Newswire

(Recasts, adds details, shares) PARIS, May 22 (Reuters) - Air France-KLM , the world's biggest airline by revenue, warned that soaring fuel prices would slash operating profits this year, knocking its shares to two-month lows on Thursday despite a rise in 2007 operating profit. Oil spiked to a record $135 a barrel overnight, extending this month's nearly 20 percent rally and spooking shares in U.S. carriers such as American Airlines , whose parent firm's shares plunged 24 percent. The ...

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